The demand for tickets to an Ethiopian Hiroshima film is given by D(p)= 200,000- 10,000p, where p is the price of tickets. If the price of tickets is 12 birr, calculate price elasticity of demand for tickets and draw the demand curve
The demand for tickets to an Ethiopian Hiroshima film is given by D(p)= 200,000- 10,000p, where p is the price of tickets. If the price of tickets is 12 birr, calculate price elasticity of demand for tickets and draw the demand curve
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 16SQ
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The demand for tickets to an Ethiopian Hiroshima film is given by D(p)= 200,000- 10,000p, where p is the price of tickets. If the price of tickets is 12 birr, calculate price
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